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Where the tokens are
Standardised from the company’s filings, newest period first, labelled with the company’s own fiscal calendar. A line the company does not report is left off rather than shown as zero; margins and free cash flow are worked out here, and only where every input is present.
| Line item | Q2 FY262026-06-30 | Q1 FY262026-03-31 | Q4 FY252025-12-31 | Q3 FY252025-09-30 | Q2 FY252025-06-30 | Q1 FY252025-03-31 | Q4 FY242024-12-31 | Q3 FY242024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $470.10M | $472.02M | $454.99M | $478.46M | $457.50M | $459.28M | $436.59M | $445.06M |
| Cost of revenue | $195.79M | $201.99M | $187.56M | $214.99M | $194.50M | $201.71M | $182.02M | $204.00M |
| Gross profit | $274.32M | $270.03M | $267.43M | $263.48M | $263.00M | $257.57M | $254.57M | $241.05M |
| Gross margin | 58.4% | 57.2% | 58.8% | 55.1% | 57.5% | 56.1% | 58.3% | 54.2% |
| Selling, general and administrative | $21.66M | $21.33M | $22.82M | $20.50M | $20.01M | $19.67M | $20.77M | $19.25M |
| Operating expenses | $152.46M | $151.74M | $151.52M | $150.82M | $149.60M | $147.66M | $153.06M | $145.45M |
| Operating income | $121.86M | $118.30M | $115.91M | $112.66M | $113.40M | $109.91M | $101.51M | $95.60M |
| Operating margin | 25.9% | 25.1% | 25.5% | 23.5% | 24.8% | 23.9% | 23.3% | 21.5% |
| EBITDA | $249.46M | $245.64M | $253.98M | $239.31M | $240.34M | $234.83M | $246.58M | $215.30M |
| Interest expense | −$49.53M | −$48.22M | −$45.27M | −$48.20M | −$46.30M | −$45.43M | −$44.49M | −$43.61M |
| Income before taxes | $132.92M | $148.84M | $144.25M | $116.80M | $123.62M | $128.71M | $143.87M | $87.64M |
| Net income | $132.92M | $148.84M | $144.25M | $116.80M | $123.62M | $128.71M | $143.87M | $87.64M |
| Net margin | 28.3% | 31.5% | 31.7% | 24.4% | 27.0% | 28.0% | 33.0% | 19.7% |
| EPS, basic | $0.31 | $0.35 | $0.33 | $0.27 | $0.28 | $0.30 | $0.33 | $0.20 |
| EPS, diluted | $0.31 | $0.35 | $0.33 | $0.27 | $0.28 | $0.30 | $0.33 | $0.20 |
| Diluted shares | 360.81M | 364.50M | 370.22M | 371.58M | 371.06M | 370.76M | 370.07M | 367.60M |
Figures describe American Homes 4 Rent shares, not any token. As of Jul 31, 2026, from Massive's standardised financials. The company reports these figures; a token's issuer holds the shares and reports nothing of its own here.